The “faster rotating sanctions spiral with Russia” causes the worst plunge in the history of the German consumer index going back to 1980.
The folks at the German Finance Ministry belatedly follow WOLF STREET and admit that sanctions caused Germany’s economic swoon.
The largest economy in the Middle East has second thoughts about its ties to the West.
“The glue of the sanctions is starting to dry.”
“There’s nothing good about sanctions” – Prime Minister Dmitry Medvedev.
Who will fold first? That’s the question in the escalating trade war that has already hit European and Russian companies and their economies.
The powerful engine that is supposed to pull Europe out of its quagmire? It stalls as the sanctions hit. The “disaster of 2008” is evoked, then hastily denied.
European Council President Van Rompuy had a dream: the sanctions “should have a strong impact on Russia’s economy” but only “a moderate effect on EU economies.”
Moscow Trader explains why the sanctions leave Russian companies unscathed and Putin unimpressed. So why did Obama not go for sanctions with teeth?
Don’t let a good crisis go to waste – that appears to be the newest slogan of Russian President Vladimir Putin.